EPIC RESEARCH MCX NICKEL UPDATE OF 17 April 2017

Posted by aditi on 12:39:00 with No comments
Nickel trading range for the day is 619.7-637.9. Nickel prices ended with losses as pressure continues as mounting geopolitical tensions curbed appetite for risk. Inventories of nickel ore at China's major ports were about 7.80 million tonnes by the end of March, and those ores were only 2.9-month sufficient for production. Nickel market returns to be subject to market fundamentals after the commodity market digested the news in early April that China will build new Xiongan New Area in Hebei.



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